Teva Tumbles on New Guidance, But CEO Optimistic

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Orlando Vargas
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10 February, 2018, 04:03

Oppenheimer analyst D. Archila now anticipates that the company will earn $2.87 per share for the year, down from their previous estimate of $3.19. Actually, firms emphasize that ratings are not advice and that investment decisions should not be made exclusively on an analyst rating.

TEVA has been the topic of several other reports. ValuEngine raised shares of Teva Pharmaceutical Industries from a hold rating to a buy rating in a report on Monday, October 2nd. Over the past twelve months, Teva Pharmaceutical Industries Limited (NYSE:TEVA)'s stock was -1.64%. Cantor Fitzgerald set a $18.00 price objective on Teva Pharmaceutical Industries and gave the stock a "hold" rating in a research note on Thursday, December 28th. TheStreet downgraded shares of Teva Pharmaceutical Industries Limited from a c- rating to a d+ rating in a research report on Friday, August 25th. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) has "Buy" rating given on Tuesday, January 31 by Bank of America. The Petach Tikva, Israel-based company has started laying the groundwork for $5 billion of bond sales, according to a preliminary prospectus filed last week.

The consensus analysts recommendation at this point stands at 3.00 on Teva Pharmaceutical Industries Limited (NYSE:TEVA).

Teva Pharmaceutical Industries (TEVA) opened at $18.64 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $21,183.60, a price-to-earnings ratio of -3.13, a P/E/G ratio of 1.51 and a beta of 0.60. After $0.95 actual EPS reported by Teva Pharmaceutical Industries Limited for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

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For the current quarter, 22 analysts are projecting a mean EPS of $0.79/share. Revenue fell 16 percent to $5.5 billion. During the same period past year, the business posted $1.38 earnings per share. Korea Investment CORP now owns 244,774 shares of the company's stock valued at $4,308,000 after purchasing an additional 30,674 shares during the period. Korea Investment CORP increased its holdings in shares of Teva Pharmaceutical Industries by 14.3% during the third quarter. Bank of Nova Scotia now owns 6,903 shares of the company's stock valued at $229,000 after buying an additional 528 shares during the last quarter. Penserra Capital Management LLC bought a new position in Teva Pharmaceutical Industries during the 3rd quarter valued at $129,000. Security National Bank of SO Dak now owns 17,385 shares of the company's stock valued at $578,000 after buying an additional 620 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new position in Teva Pharmaceutical Industries during the 2nd quarter valued at $303,000. The share price was down 13 percent in premarket trading on Nasdaq after the results were published, Globes reported. If you are reading this piece on another website, it was stolen and reposted in violation of US & worldwide copyright & trademark legislation. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/09/teva-pharmaceutical-industries-ltd-teva-expected-to-earn-fy2018-earnings-of-2-87-per-share.html. Princeton Port Strategies Group Limited Company, a New Jersey-based fund reported 69,545 shares.

Teva has already announced a restructuring to combine its generic and speciality medicine businesses, cut more than a quarter of its workforce and close many of its factories. Chief Executive Officer Kare Schultz is tightening belts drastically at the world's largest generic drugmaker as competition to its top medicine escalates. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.

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